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RCP Congressional Bill Tracker - H.R. 3198

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H.R. 3198: Small Business Jobs Act of 2015

Title: Small Business Jobs Act of 2015

Introduced: Jul 23, 2015 (114th Congress)

Sponsor: Rep. Pete Aguilar [D-CA31]

Status: Referred to Committee - Referred to the House Committee on Ways and Means.

Summary: Small Business Jobs Act of 2015 This bill amends the Internal Revenue Code to allow a qualified small employer a business-related tax credit for the cost of hiring up to 5 new employees who work for such employer, on average, at least 30 hours per week. The bill defines "qualified small employer" as an employer who: (1) has a place of business in a county with an annual unemployment rate that is at least 1% greater than the national rate for the preceding calendar year; and (2) did not employ fewer than 2, or more than 100, employees in the preceding calendar year. The bill allows an employer who is a tax-exempt organization to claim such credit. The credit is not available for wages paid after December 31, 2017.

Votes


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